tomj2417

tomj2417 Updated 

Some commentators I occasionally read are calling for a prolonged decline in the US dollar, that they believe topped back in January ,2017. But sometimes I'm not so sure. These two counts both reach the same conclusion though and thats there may be some upside to the US dollar. The blue count is part of a decline camp and is labeling it as an ABC correction after...

tomj2417

Taking another look at this Pound correction and perhaps this is another count for this pair. It still suggests a deeper correction for the pair but suggests that there might be still room for some decent upside.

tomj2417

The Pound has gained nearly 17% against the Yen since August. It is now hitting a decent line of resistance with multiple 'hits' dating back to 2016. I'm not sure it's time for a turn but it could be due a decent correction at least. The red count calls for a large correction while the more optimistic blue count suggests a smaller correction.

tomj2417

I've marked this count as an ABC as it's too early for me to say if it's impulsive or corrective. However, this count would suggest some EURO strength at least in the medium term. The EURO is strongly correlated to GOLD too so that may be worth keeping an eye on. The count is a little tenuous but I like the way that waves 1 and 3 are equal and how the extended...

tomj2417

Another chart that serves as a proxy for precious metals and gold mining showing perhaps that we could be due a 5th wave. Would need some more confirmation for my liking though.....

tomj2417

As far as corrections go it is not a long one or a deep one so we are just looking at possibilities here. However, it is possible that mining could go on a tear from here as long as it doesn't turn into a much longer correction. As always, price will confirm one way or another.....

tomj2417

A constructive count for silver? As always, lots of different ways to look at this but I quite like this one because the 16.185 level will tell me one way or the other if this count has any merits or not.

tomj2417

Is ZIV (and by proxy equity markets) shaping up for a big move?

tomj2417

Early days and a the count is a little tenuous but I still reckon that this chart may be worth keeping an eye on going forward.

tomj2417

This stock has made someone a lot of money as it has really been on a rocket ride since it started it's climb from around $4 back in 2009. This count suggests that it still may have another wave up of it's current leg with the question for me being whether the 4th wave correction finished already or if it has another leg to correct before continuing on it's way.

tomj2417

Another equity chart and another bullish count for one of the UK's largest trusts (holds mostly tech companies). A bit of confluence there on the next top too.....

tomj2417

As I go through my world equity indexes I am seeing, to me anyway, some really bullish looking charts. Of course, this could be a classic contrarian signal but if I'm right.......

tomj2417

It's hard not to be bullish when I see a chart like this. Up, up and away....?

tomj2417

In my run of obscure UK listed ETF's today here's one of 20YR+ US Treasuries. Not sure if this count is suggesting weakness in Pound Sterling or strength in Treasuries or a bit of both.....or another option....it's totally wrong.

tomj2417

Another obscure UK listed ETF tracking German Bunds and another chart with bullish set up in my opinion. Might want to see a bit more of a reversal before getting confident ......

tomj2417

I (kind of) called this uptrend in US treasuries back in a post in July 2018 but it stalled at resistance with this decent correction. Is this now a possible route for treasuries to take in the coming weeks? Perhaps coinciding with a decent correction in equities? Before equities embark on another leg up? Questions, questions.......

tomj2417

Here's a really long term count for the DJIA where I am suggesting that we could be in an extending 5th wave of a 3rd wave of a greater 5th wave. Bullish for a while yet if this count has any merits.....

tomj2417

As always there are lots of ways to count this but I like this count and calling tops in this bull market has been pretty futile so far. Up, up and away.....?